
Cheap Homes for Rent in Forest Manor Neighborhood of Indianapolis, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Forest Manor area of Indianapolis.


2930 N Dearborn St, Unit B

2932 N Dearborn St, Unit B

2932 N Dearborn St, Unit A

2932 N Dearborn St

6005 Dickson Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2722 N Olney St

2422 E Adams St

4726 E 34th St

2412 W Arlington Ct

3121 Eastern Ave

2373 N Oxford St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3105 Adams St
Forest Manor, Indianapolis, IN Local Guide

How much does it cost to rent a home in Forest Manor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Manor 2 Bedroom Homes for Rent | $1,123 | $725 | $1,595 |
| Forest Manor 3 Bedroom Homes for Rent | $1,369 | $995 | $1,765 |
| Forest Manor 4 Bedroom Homes for Rent | $1,824 | $1,195 | $2,350 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Forest Manor Neighborhood of Indianapolis, IN.
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Forest Manor, Indianapolis, IN Local Guide
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Cheapest Available Forest Manor Apartments for Rent
 The cheapest available apartment rental in the Forest Manor area of Indianapolis, IN is a 2 Beds unit found at The Villages at Mill Crossing priced from $545. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villages at Mill Crossing | 2TH3050H | 2BR,1BA | $545 |
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $569 |
| Hopeside I | 2.2-30%-H | 2BR,2BA | $633 |
| Prairies | 1x1 Classic | 1BR,1BA | $889 |
| Chateau De Ville | Bordeaux | Studio,1BA | $923 |
Best Value Apartments for Rent in Forest Manor, IN
As of April 13, 2026 the best value apartment in the Forest Manor area is the $1.04 price per square foot 2 bed / 2 bath Model at Ashton Park in the in the United Northeast neighborhood starting from $1,179. The second greatest value Forest Manor apartment is the B2 Model at East Village at Avondale Meadows Apartments starting at $1,225 with a $1.12 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Forest Manor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ashton Park | 2 bed / 2 bath | 2BR,2BA | $1.04 |
| East Village at Avondale Meadows Apartments | B2 | 2BR,2BA | $1.12 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $0.96 |
| 7 Pointe Apartments | Crimson | 1BR,1BA | $1.21 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1.5BA | $1.43 |
| The Meadows | 1 Bedroom 730sf | 1BR,1BA | $1.58 |
| Prairies | 1x1 Classic | 1BR,1BA | $1.38 |
| 2947 Schofield Ave, Unit 2947 | 2947 Schofield Ave | 2BR,1BA | $1.47 |
| The Villages at Mill Crossing | 0.1-p | Studio ,1BA | $1.49 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleForest Manor, Indianapolis, IN
Ranked #233
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Forest Manor
What type of rentals are currently available in Forest Manor?
There are currently 94 Apartments for Rent in Forest Manor, IN with pricing that ranges from $545 to $7,642. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Manor ranging from $599 to $2,350.
What is the current price range for Rental Homes in Forest Manor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Manor ranges from $599 to $2,350 with an average monthly rent of $1,301.
How much are larger Three and Four Bedroom Rentals in Forest Manor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Manor range from $626 to $7,642, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,765. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $1,090.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.